EBITAW, page-77

On B/F tax losses. I didn't know the answer but asked a tax expert who has followed QPP .
If I got the wrong answer - sorry.

However it would be odd that a deal is structured so that the outcome ensured that the party, which can not use tax losses carried forward, keeps the tax losses, and the other party ( which clearly can use tax losses b/f ) does not end up with the tax losses.

If SGS does not have the tax losses, may be time for AG to ask why his deal structure advisors got it wrong.

Mel